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Security Trust Agreement
"I need a Security Trust Agreement for a syndicated loan facility closing in March 2025, where Bank of Example Ltd will act as security trustee for a group of five international banks, with security over UK real estate assets."
1. Parties: Identification of security trustee, beneficiaries, and security provider
2. Background: Context of the security arrangement and underlying transaction
3. Definitions: Key terms used throughout the agreement
4. Appointment of Security Trustee: Terms of appointment and scope of authority
5. Declaration of Trust: Creation of trust over security assets
6. Security Trustee Powers and Duties: Detailed powers and responsibilities of the trustee
7. Enforcement Provisions: Rights and procedures for enforcing security
8. Remuneration and Indemnity: Trustee compensation and protection provisions
1. Parallel Debt: Used when dealing with jurisdictions that don't recognize trust concepts - relevant for international transactions involving civil law jurisdictions
2. Change of Security Trustee: Procedures for resignation and replacement of the security trustee - include when flexibility for trustee changes is required
3. Additional Security Provisions: Specific provisions for particular types of security assets - include when dealing with specialized security assets
1. Form of Accession Deed: Template for additional parties to join the agreement
2. Security Assets Schedule: Detailed list of assets subject to security
3. Beneficiary Details: List of beneficiaries and their respective interests
4. Fee Schedule: Details of trustee compensation and payment terms
5. Notice Requirements: Forms and procedures for various required notices
Authors
Additional Security Documents
Beneficiaries
Business Day
Costs
Default
Delegate
Enforcement Date
Enforcement Notice
Event of Default
Finance Documents
Financial Indebtedness
Indebtedness
Insolvency Event
Liabilities
Losses
Majority Beneficiaries
Parallel Debt
Receiver
Secured Assets
Secured Liabilities
Secured Obligations
Secured Parties
Security
Security Documents
Security Interest
Security Period
Security Provider
Security Trust
Security Trustee
Transaction Documents
Trust Property
Trust Rights
Trustee Acts
Underlying Documents
Declaration of Trust
Parallel Debt
Trust Property
Security Trustee Powers
Security Trustee Duties
Delegation
Remuneration and Indemnification
Resignation and Removal
Appointment of Successor Trustee
Security Enforcement
Application of Proceeds
Amendments and Waivers
Additional Security
Accession Mechanics
Representations and Warranties
Information Rights
Costs and Expenses
Tax Provisions
Confidentiality
Notices
Assignment and Transfer
Severability
Counterparts
Governing Law
Jurisdiction
Service of Process
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